TOKYO -- A majority of the Bank of Japan's policy board is likely to favor an additional rate hike at the monetary policy meeting to be held next Thursday and Friday, multiple sources have told Nikkei, which would raise the BOJ's policy rate to 0.5%, a 17-year-high.
Bank of Japan
Majority of BOJ board members likely to vote for rate hike next week
Japan's uncollateralized overnight call rate would hit 17-year high, if raised
Bank of Japan board members will weigh statements Donald Trump makes after being sworn in as U.S. president on Jan. 20 before deciding whether to raise the bank's policy rate later in the week. (Photo by Akira Kodaka)
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